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Avon's Sales And Revenue Woes Continue In 2Q 2014

July 31, 2014: 12:00 AM EST
Avon Products, Inc. reported total revenue decreased 13 percent, or 3 percent in constant exchange rates, to $2.2 billion in the second quarter of 2014. Total unit sales declined 6 percent, with price/mix rising 3 percent during the period. According to the company, the number of active sales representatives dropped 6 percent; however, average order value increased 3 percent. Sales of beauty products dropped 13 percent. Avon also revealed its operating profit was $93 million, with operating margin of 4.3 percent during the quarter. Adjusted operating profit was $186 million and adjusted operating margin at 8.5 percent, 100 basis points lower compared with the second quarter of 2013.
"Avon Reports Second-Quarter 2014 Results", Avon Company, July 31, 2014, © Avon Products, Inc.
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